Wadena Insurance Company, part of IMT Insurance Companies, has submitted a filing in Wisconsin to revise rates for its power sports insurance program. The filing, dated September 17, 2025, applies to both new and renewal business effective February 1, 2026, and impacts 1,241 policyholders. It reflects a written premium increase of $72,917 on total written premiums of $466,169.
The company is seeking an overall rate increase of 15.6%, supported by countrywide permissible loss ratio and rate indication calculations. The indicated change is higher, at 22.9%, highlighting a more aggressive adjustment than what was ultimately requested. The filing follows a 24.8% rate increase that took effect in December 2024, showing continued upward pressure in Wadena’s power sports segment.